ADP private payrolls fell 23k in June, 3k in August, and now 32k in September

The net gain since January now stands at 366k, or slightly fewer than 46k per month.

The net gain per month since May has been 46k.

The trend is clearly lower since October 2024 when 221k were added. 

 

Let's compare the BLS' count of jobs added through August since December with the private sector ADP report

Total nonfarm gubmint: 74,750 per month

Total nonfarm private:  80,375 per month

Those rascally Democrats over at BLS, my word. 

 

If the Bureau of Labor Statistics is drinking the liberal Koolaid, ADP must be drinking it too

 

Since December ADP is showing +80k jobs per month through August, PAYEMS is showing +85k jobs per month through July, as if they were drinking what BLS supposedly drinks.

 

And that's a fact, Jack.